Ownership Unbuilding in Electricity Markets - A Social Cost Benefit Analysis of the German TSO'S

Gert Brunekreeft

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: This paper presents a social cost benefit analysis of ownership unbundling (as compared to legal und functional unbundling) of the electricity transmission system operators in Germany. The study relies on the Residual Supply Index for its competitive concept. The analysis models some 15 effects, grouped in three categories: the competition effect, the interconnector effect and the cost effect. Facing a looming capacity shortage, we find that the total available generation capacity and the effect of unbundling on capacity are of crucial importance. Overall, for the base-case, the net weighted discounted social-cost-benefit effect (weighted-?SCB) is likely to be positive, but small.

Keywords: unbundling; electricity; networks; regulation; competition (search for similar items in EconPapers)
JEL-codes: L11 L50 L94 (search for similar items in EconPapers)
Date: 2008-07
New Economics Papers: this item is included in nep-com, nep-eec, nep-ene, nep-mic and nep-reg
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:0833

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